- South African motorists will doubtless be hit with chronicle-high gasoline prices from Wednesday, with petrol prices rising R1.21 and diesel prices stoning up R1.48. This locations the inland petrol mark over R19.50, pushing in the direction of the R20.00 value. Economists and analysts gain warned that the petrol mark will push over R20 by the live of the three hundred and sixty five days. The lengthen is due to rising worldwide oil prices, which gain soared this three hundred and sixty five days as economies get better from the pandemic. The weaker rand has also made it dearer to import petroleum products – and adjustments to the slate levy gain also added to the chance.
- South African pension funds will doubtless be banned – in no perilous phrases – from investing in bitcoin or its sibling cryptocurrencies, below new draft rules. On Friday, finance minister Enoch Godongwana situation 12 November because the final public-comment lower-off date for his proposal, making it doubtless for the adjustments to be brought into force earlier than the live of the three hundred and sixty five days. It had previously been belief doubtless for pension funds to save as a lot as 2.5% of their sources into cryptocurrencies, below rules taking into account a gigantic class of “other sources” to produce part of their suggestions. The new draft rules published within the Authorities Gazette present that, “A [pension] fund would possibly well well additionally no longer make investments in crypto-sources at once or indirectly” – and that particularly involves throughout the “other sources” allowance.
- With over a third of votes counted, the ANC stays effectively below 50% of the nationwide vote within the 2021 Native Elections, and of the dear Metros, is most productive above this severe stage in eThekwini. The Democratic Alliance is with ease forward in Cape Metropolis and leads the sector with over 40% in Tshwane. The general other predominant Metros are very closely contested. Herman Mashaba’s ActionSA is launching a severe advise to the Mountainous Three within the dear Gauteng Metros with its strongest displaying in Jhb where most current numbers counsel that a a hit alliance with the DA and smaller events (with the exception of the EFF) would possibly well well well be ample to carry out preserve watch over.
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Cyril Ramaphosa: The Audio Biography
Hear to the story of Cyril Ramaphosa’s upward push to presidential energy, narrated by our very have Alec Hogg.
